In recent years, cryptocurrency and blockchain technology have been rather hot topics. So much so, that now, dedicated employment services are beginning to pop up for those looking for jobs in the industry.
Recently, CoinDesk, a leading name in the cryptocurrency world, launched their first online “Career Center”, which is meant for job listings related to cryptocurrency and blockchain technology. The company’s marketing director, Jacob Donnelly, said “It’s no secret. There is a high demand for skills and finding talent in the industry can be quite difficult.”
In addition to launching their online career section, CoinDesk is also going to be hosting a job fair during its annual Consensus conference in New York, which is schedule for the middle of April 2018.
Trending to the Top
In a recent report, the online freelancing database, Upwork, said that job listings requiring skills in related to blockchain technology have soared by nearly 6,000% in the first quarter of 2018.
“It’s like a gold rush mentality.”, Andy Challenger, an expert in the industry, recently said, “Lately, there’s been a massive increase in the activity around cryptocurrency due to the volatile, yet very exciting nature of Bitcoin.”
At the end of last year, Bitcoin dominated the news when its price skyrocketed nearly 2,000% in less than 12 months, before peaking at almost $20,000 per token. Bitcoin was the very first cryptocurrency, which was designed to eliminate the need for a 3rd party intermediary, such as a bank, to be involved in a financial transaction.
Today, companies everywhere around the world are beginning to experiment with the idea of blockchain technology and are looking for ways that they can apply it to their operations.
As of last year, Accenture, Microsoft and IBM made up nearly half of the $700 million dollars of revenue generated by the entire cryptocurrency industry. Furthermore, many analysts firmly believe that this industry has only begun booming and could easily grow into generated tens of billions of dollars per year.
According to one expert, “As this technology continues to mature, I believe that the need for people with blockchain experience will continue to grow as well.” Many other analysts also believe that by taking a risk and jumping into the industry while it is still young, could easily set an employee up for key positions in major corporations in the future.
The Early Bird Gets the Worm
Now, by joining a cryptocurrency startup and gaining experience in the industry, you could be gaining valuable experience that could potentially serve you well down the road. However, the industry is still relatively small, with a total market cap no bigger than the average S&P 500 company, which can make it a rather risky decision.
Of course, there are time when companies have extremely good ideas, however, they don’t manage to find funding for their project and end having to shut their doors. However, we are seeing an increasing number of individual leavings their jobs in government or finance to work with blockchain technology. And, while it may be a volatile industry, the benefits of getting into the industry early can be outweighed by the potential success that these types of jobs represent.